TTPs
It's hard to believe this could happen in Australia, but there are already cases around the world of companies using what's known as Investor State Dispute Settlement (ISDS) provisions to sue governments:
A foreign-owned energy company filed a $250 million lawsuit against the Canadian government, when Quebec placed a ban on dangerous fracking processes in a local river.
In El Salvador, a Canadian company is suing the government for $315 million in "loss of future profits" because local citizens won a hard-fought campaign against a gold mine that threatened to contaminate their water supplies.
An international utilities company sued the Argentinian Government for imposing a freeze on water and energy bills during the global financial crisis.
And in Canada, US pharmaceutical company Eli Lilly is suing the government for $500 million in compensation, because the courts revoked two of the company's patents citing lack of evidence around the drugs' supposed benefits.
Do we want to live in a country where foreign-owned companies have the right to sue our government for introducing laws to protect our farms, land, water and our health? International corporations should not be able to take the Australian Government to court. It flies in the face of democracy, and will leave taxpayers at risk of paying corporations enormous amounts in compensation.
Worryingly, Trade Minister Andrew Robb has already indicated he's willing to sign on to the deal, which is why we need to act quickly. Here in Australia, only one in ten voters have heard about the TPP.2 But if this deal goes ahead, it will be all of us who stand to lose – so it's time we spoke up. We need as many Australians as possible to hear about the dangers of the TPP. Can you watch and share the video, which explains why this deal will be so dangerous?
https://www.getup.org.au/campaigns/tpp/tpp-isds/the-scariest-treaty-youve-never-heard-of?t=OjVAnCyX1
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